13 Apr '11, 5am

Korea set to sell T-50 jets to Indonesia - AsiaOne

Korea set to sell T-50 jets to Indonesia - AsiaOne

SEOUL - Seoul took a step closer to exporting T-50 trainer jets to Indonesia as the Southeast Asian nation selected South Korea's state-run aircraft maker as the de facto preferred bidder of its trainer jet project, Cheong Wa Dae said Tuesday. "The Indonesian defense ministry informed Korea Aerospace Industries that it will be treated as the preferred bidder of the trainer jet project," presidential spokesperson Kim Hee-jung told reporters Tuesday. Korea is seeking to sell 16 T-50 jets worth $400 million(S$502mil) to Indonesia. Indonesian media had reported earlier that the country's air force would purchase 16 T-50 jets. Kim denied news reports that said the planned contract had strings attached such as a condition that Korea buys freighter planes from Indonesia. A final deal, if sealed, would mark Korea's first export of the T-50 "Golden Eagle." Being a preferred bidder ...

Full article: http://www.asiaone.com/News/Latest%2BNews/Asia/Story/A1St...

Tweets

Caterpillars swarm Indonesia's Bali

Caterpillars swarm Indonesia's Bali

channelnewsasia.com 13 Apr '11, 9am

DENPASAR, Indonesia - Swarms of caterpillars which can cause skin rashes have invaded the Indonesian holiday island of Bal...

S. Korea slams N. Korea's cross-border tour threat

S. Korea slams N. Korea's cross-border tour threat

channelnewsasia.com 11 Apr '11, 4am

SEOUL: South Korea Monday criticised North Korea's threat to strip a Seoul firm of its exclusive right to run tours to a m...

Credit cards trump cash in South Korea

Credit cards trump cash in South Korea

channelnewsasia.com 13 Apr '11, 4am

SEOUL: "Do you have any of the credit cards listed here? You can get up to 20 per cent discount," a restaurant cashier ask...

North Korea says US detainee will face charges

North Korea says US detainee will face charges

channelnewsasia.com 14 Apr '11, 3am

SEOUL: North Korea said on Thursday it would charge an American detained last November with crimes against the nation, ami...

Caterpillars swarm Indonesia's Bali: Caterpilla...

straitstimes.com 13 Apr '11, 10am

DENPASAR - SWARMS of caterpillars which can cause skin rashes have invaded the Indonesian holiday island of Bali, an offic...

Indonesia keeps key interest rate steady: JAKARTA - Indonesia on Tuesday held interest rates at 6.75 percent aft...

Indonesia keeps key interest rate steady: JAKAR...

channelnewsasia.com 12 Apr '11, 9am

JAKARTA - Indonesia on Tuesday held interest rates at 6.75 percent after prices eased slightly last month, but the central...

Indonesia will send peacekeepers to the Philipp...

straitstimes.com 11 Apr '11, 1pm

MANILA - INDONESIA has decided to join international peacekeepers safeguarding a cease-fire that has helped foster peace t...

N. Korea owes S. Korea almost US$1b

N. Korea owes S. Korea almost US$1b

channelnewsasia.com 20 Apr '11, 6am

SEOUL: North Korea owes South Korea almost one billion dollars but chances of repayment are slim given its crumbling econo...